Puravankara to jointly develop 7.83-acre land parcel in Bengaluru

Puravankara has entered into a joint development agreement for a 7.83-acre land parcel in southeast Bengaluru. The project has an estimated gross development value of ₹1,100 crore and a saleable area of about 0.89 million sq ft.

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CBI files 18th chargesheet against builder, directors in homebuyers fraud case

The CBI has unveiled its eighteenth chargesheet regarding a homebuyer fraud case, targeting a builder and several directors, as well as financial institution executives. This case pertains to deceptive actions surrounding a housing project in West Bengal. The chargesheet has been filed in the CBI Special Court located in Alipore, with the agency actively pursuing thirty-one more analogous cases across the country.

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Orris Infrastructure's MD Amit Gupta arrested by Mumbai police in cheating case

Amit Gupta, the managing director of Orris Infrastructure, has been taken into custody by Mumbai Police following a complaint from Godrej Properties Limited. The allegations involve serious charges of forgery, cheating, and criminal conspiracy tied to a collaborative project. Under the Bharatiya Nyaya Sanhita, Gupta stands accused of unlawfully altering records, sparking worries among homebuyers eager for their properties' possession.

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SBI acquires commercial property in Pune’s Kharadi for ₹414 crore

The State Bank of India has finalised the acquisition of a commercial property in Pune for Rs 414 crore. This deal covers both land leasehold rights and a commercial structure situated in Kharadi, a bustling business district.

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ED files status report in sealed cover on investigation into the role of DLF

The Enforcement Directorate has requested additional time to continue its investigation into the Shikohpur land deal, providing necessary documents to the accused. A translation certificate was also submitted. Robert Vadra attended the hearing via video link, but the court expressed dissatisfaction with an unanswered question in the status report. Further proceedings are scheduled for September 23.

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Ghaziabad development body set to clear stalled Ansal township map

Ghaziabad Development Authority board will approve Ansal township layout on Friday. This decision follows Supreme Court criticism of authorities' delayed approvals. The court directed the state government and GDA to consider the proposal. One City Infrastructure Pvt Ltd is tasked with completing the stalled project. This action offers relief to 1,600 homebuyers waiting for their flats.

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Delhi master plan 2047 unveiled; envisages 40 lakh affordable homes

The Delhi Master Plan 2047 envisages development of around 40 lakh new affordable housing units, redevelopment of existing residential areas and planned urban expansion through land pooling. The plan also proposes transit-oriented development, higher FAR incentives, regularisation of unauthorised colonies and conservation of heritage assets.

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ED attaches properties worth ₹71.60-crore in 32nd Avenue Group money laundering case

ED said its investigation has revealed an "organised and systematic modus operandi" in which investors were induced to purchase commercial units in lieu of assured long-term leases, fixed rental income, buy-back arrangements and periodic increase of returns.

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Builders line up to buy bankrupt developers as land prices rise

Small and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soar in major cities. With projects, development rights and urban assets on offer, NCLT-approved deals are rising, but buyers face risks involving titles, approvals, litigation, liabilities and stalled project execution.

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DTCP rejects AIPL plea against Oberoi Realty’s Gurugram project

The Haryana DTCP has held that Licence No. 69 of 2025 and the June 17, 2025 approval for change of developer in favour of Oberoi Realty are legally intact. Oberoi Realty said the restriction imposed by the Punjab & Haryana High Court on fresh allotments and creation of third-party rights has ceased to be operative.

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NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects

The Supreme Court is set to review the National Buildings Construction Corporation's (NBCC) request concerning RERA compliance for Supertech's housing projects. NBCC is seeking exemptions from mandatory regulations to renovate stalled developments. This appeal comes after the National Company Law Appellate Tribunal denied similar requests. Previously, the apex court instructed NBCC to accelerate the project completions, with construction for sixteen Supertech projects slated to commence shortly.

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ED asks homebuyers to report builders refusing RERA details, cash deals

The Enforcement Directorate has urged homebuyers to report any fraudulent builders to the relevant authorities. It's crucial for buyers to always confirm RERA registration and examine property title documents thoroughly before proceeding with transactions. Relying on mere verbal promises from brokers regarding property purchases can lead to complications. Recently, the agency provisionally attached assets valued at Rs 129.

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Six listed Indian REITs distribute ₹3,136 crore in Q1 FY27

India’s six listed REITs distributed ₹3,136 crore to over 4.85 lakh unitholders in Q1 FY27, according to the Indian REITs Association. The sector’s gross AUM stood at over ₹3.17 lakh crore, while market capitalisation was over ₹2.17 lakh crore as of August 11, 2026.

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ICICI Prudential AMC to raise ₹2,000 crore fund for Mumbai housing

Between 2020 and 2025, more than 1,100 society-level redevelopment agreements were recorded in Mumbai, unlocking around 432 acres of land. The financing requirement begins before construction, including society payouts, transit accommodation, premiums and approvals, while banks and NBFCs typically participate later at the construction finance stage.

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Indian states target 1.18 million jobs, 1,380 GCCs by 2031: Report

Indian states with GCC-focused policy frameworks are targeting over 1.1 million jobs and more than 1,300 new GCCs by 2029-31, according to CBRE. GCCs leased over 123 million sq ft of office space across India’s top nine cities between 2022 and H1 2026.

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Mumbai: BMC panel approves leasing Century Mill land to Peddar Realty

The civic improvements committee approved leasing BMC's Century Mill land for thirty years. Opposition arose from Shiv Sena (UBT) and Congress regarding the land deal. A proposal to replace a sports complex reservation with a petrol pump was also cleared. Nearly nine thousand square meters of BMC land in Lower Parel will be integrated into an SRA scheme.

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Maharashtra mulls new law to cap upfront payment at 80% for agreement to sell

Maharashtra is set to implement a law to safeguard flat buyers from unethical builders. Under this new regulation, builders will be allowed to collect only eighty percent of the total payment at the time of signing the agreement, with the remaining amount payable only upon the final registration of the property.

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Enforcement directorate conducts raids in NCR in homebuyers 'fraud' case

On Thursday, the Enforcement Directorate launched searches throughout the Delhi-NCR region as part of a money laundering investigation targeting AVJ Developers and Rudra Buildwell Construction. These companies are accused of deceiving homebuyers via a fraudulent subvention scheme, with the inquiry originating from two distinct CBI FIRs related to collusion between builders and banks.

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Delhi NCR developers tap fund houses for liquidity lifeline

Funds are partnering with Delhi NCR developers to acquire land and finish projects. This provides essential liquidity amid rising costs and market slowdown. Several developers are securing credit lines to maintain steady cash flows. Alternative Investment Funds are crucial for land acquisition in key growth hubs. Private equity inflows show a significant surge in the domestic real estate sector.

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Ocean Seven’s licence cancelled in Gurugram, buyers seek another developer

Authorities in Gurugram have revoked the license of Ocean Seven Buildtech due to a stalled housing project, citing extensive delays and failure to meet construction milestones. Homebuyers expressed relief at the decision and are now searching for a new developer to finish the project. The government will assume control of the property, while investigations continue regarding potential fund misappropriation from buyers.

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